USD/CNY fix projection: 6.5843  - Nomura

Analysts at Nomura offered their model projection for today's USD/CNY fix.

Key Quotes:

Our model1 projects the fix to be 2 pips higher than the previous fix (6.5843 from 6.5841) and 44 pips lower than the previous official spot USD/CNY close of 6.5887. The basket implied change is 52 pips lower than the previous official spot USD/CNY close (6.5835 from 6.5887).